Replies to post #14390 on Superior Oil &Gas Company (fka SIOR)

[mjoil]

I believe it is higher than that but others would know more, the gushers guys could answer.

I have never wanted Summer to come and go more than I do now.

Go Superior.

[marich]

I believe that these wells are flowing at 400-600 bopd, plus nat gas, each. I also believe that Superior is receiving 6.25% of the proceeds of the production of each well that they JV with Devon.

IMO, the odds are that we "trapped" shareholders will be happy campers by the end of the summer. Time, of course, will tell.

[marich]

It gets better - This was posted on March 17th by, IMO, the most knowledgeable (about SIOR) person on this board:

SCREAMING EAGLE Monday, 03/17/14 09:26:57 AM
Re: redwards post# 14295
Post # of 14393

"It (Superior) currently has 5 operated and producing vertical wells and 5 new horizontal wells drilled by Devon ( 4 of the 5 are online now. The 5th is awaiting completion by Halliburton.). To this point they have a carried interest in 60 new horizontal wells. Devon is now spacing eight addional sections (12 wells per section or 96 additional wells total) that Superior will have the opportunity to participate in, with a possible carry. Yes,I would classify these as assets."

Please keep in mind that this is a mix of what's in place now and what is possible, but I think you get the picture that the potential for revenues accruing to SIOR over the coming year(s) is pretty darned impressive. It appears there is an excellent chance that the naysayers will be eating crow, fried/boiled/barbecued/broiled/sautéed.......

[WildcatDriller]

There is 1 guy on this board who could possibly answer that question and it's not me. With so much going on, I don't know how one could actually come up with a value. I can say with certainty, it is above .25 cents LMAO!!!

This is a low risk, low overhead, money generating machine. As you can tell, I'm excited!!

[enthalpy]

If they are doing 100 wells this will be over $2.50 a share with a PE of 25. Energy is in play for 2014 and with the crap Russia is doing.